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of <h1>Finance Bill 2023: Amendments to Customs Tariff Act Introduce New Classifications and Rates for Various Goods</h1> The Fourth Schedule of the Finance Bill, 2023, proposes amendments to the Customs Tariff Act's First Schedule. It introduces new classifications and tariff rates for various goods, including shark fins, mozzarella cheese, and certain seeds, with a general duty rate of 30%. It also updates the list of abbreviations used in the Act. The amendments cover multiple chapters, adjusting tariff items and duty rates for products like coal, chemicals, textiles, and electronics, with specific percentages assigned to each category. Supplementary notes and standard references are added for clarity in certain chapters, ensuring compliance with Indian standards.
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